Russian stock market hits new records
The Russian stock market is hitting new records for growth. The psychological threshold of 2500,00 was successfully passed and stocks will continue to update historical highs. The global oil market also encouraged investors. Oil prices in Asia today, on the third day, rose after the weekly report from the energy information Administration US (EIA) showed that crude stocks rose less than expected. Futures for WTI rose by 0.6% to $54,56 per barrel after reaching a session peak of $54,92. The last time WTI has reached such heights on November 20.
Futures on Brent crude oil rose 0.8% to $62,06. According to the EIA, the oil reserves in the U.S. for the week ended January 25th, rose by 919 thousand barrels, while investors were expecting an increase of 3.2 million barrels. The price increase happened after the EIA report showed a sharp drop in supply from Saudi Arabia to USA – more than doubled compared to the previous week, to 442 thousand barrels per day.
The US sanctions imposed on Venezuelan state oil company PDVSA also cause some supply disruptions. In this regard, the Russian oil and gas companies will be of interest to a wide range of investors. The shares of “LUKOIL”, “Gazprom”, “Gazprom Neft”, “Tatneft”, “Rosneft” “Bashneft” on average could rise by +2.4% in the short term.
Wall street closed in the green zone. US stocks rose after the close on Wednesday, as growth in the sectors of technology, industry and health has led to growth stocks. At the close of the NYSE Dow Jones industrial average gained 1.77 percent, reaching a new monthly high, the S&P 500 index increased by 1.55% and the NASDAQ Composite index rose by 2.20%.
The wave of optimism brought yesterday’s meeting of the Federal reserve system of the United States. As expected, the key interest rate was maintained at 2.5% per annum. And since there were no statements of the regulator on further rate hike, it gave the strongest impetus for massive growth in many sectors. Shares of Facebook (NASDAQ: FB) climbed 12% after hours to $168 after earnings and revenues easily exceeded the estimates of many investors.
Microsoft (NASDAQ: MSFT) fell by about 4% to $102,50 – revenues slightly exceeded estimates without regard to GAAP, but the revenue was not so noticeable. Revenues in cloud technologies has increased by 76% compared to last year, but the growth rate fell from 98%. Sales of Surface tablets, totaled $1.8 billion.
Casino operator Wynn Resorts (NASDAQ: WYNN) increased their shares by almost 3% – despite the loss of profit, revenue exceeded expectations. Twitter (NYSE: TWTR), the favorite communications tool of the President of Donald trump, saw a growth stock by 2.6% to $33,10. Its shares have remained volatile, approaching the profit next week. The company will announce its fourth quarter results on February 7.
Shares of Dolby Laboratories (NYSE: DLB) fell slightly to $61,19 in after hours. Paper Qualcomm (NASDAQ: QCOM) rose 2.4% to $51,35 after profit exceeded estimates of many big investors. Apple (NASDAQ: AAPL), one of the main drivers of the market, added a bit in after hours, but Boeing (NYSE: BA) fell 5.9%. Overall, we continue to witness the growing us stock market.
“International financial center”